News Archive | Page 5 of 23 | Flourish Ventures

[PitchBook] Prioritizing founders' mental health could pay off for VCs

Mental health has rarely been discussed in the venture capital community but the issue has garnered more attention recently, particularly among startup founders finding themselves under increased pressure in the current downturn. By Leah Hodgson The pressures of raising funds, meeting performance targets and coping with a stressful work-life balance are...

[Techeconomy] Five Things African Startup Founders Raising Money in 2023 Must Learn

Article originally posted on Techeconomy In this article titled Five Things African Startup Founders Raising Money in 2023 Must Learn, Efayomi Carr, Principal at Flourish Ventures, a global venture capital firm, discusses what African startup founders should do to attract funding during the prevailing economic downturn: The potential for startups in Africa is...

[TechCrunch] Lee Fixel’s Addition leads $6M seed round in Egyptian fintech Flash

Driving financial inclusion through digital payment methods is among the top priorities for the governments of Africa’s biggest tech ecosystems where cash is still king. Several initiatives launched by these governments have increased the number of banked citizens in their respective countries. In Egypt, for instance, platforms like Fawry and...

[TechCrunch] Indifi raises $35M to expand digital lending to more small businesses

Indifi Technologies, an Indian startup offering digital lending to small and medium businesses, has raised $35 million in a new funding round led by ICICI Venture, the investment arm of ICICI Bank. Existing investors, including British International Investment, OP Finnfund Global Impact Fund I, Omidyar Network India, Flourish Ventures and...

[Forbes] The Fintech 50

The past year has been brutal for some fintech startups, as valuations crashed, cash dwindled, layoffs mounted and fire sales and failures loomed. With stock prices for publicly traded fintechs off an average of 60% from their peak, private funding has plummeted too–in 2022, venture capitalists invested $75 billion globally...

[TechCabal] Flourish Ventures wants to create systemic change and build fair financial systems in Africa

Efayomi Carr, principal at Flourish Ventures, talks to TechCabal about what he has learned from investing in Africa, how Flourish Ventures invests, and his view on the current state of the African funding landscape. By Muktar Oladunmade Interview originally posted on TechCabal Although he’s Sierra Leonean and was mostly raised in...

[WeeTracker.com] Africa’s Tech Startup Scene Contends With Lingering Gender Gaps

The lack of gender diversity both within startup teams and funding rounds in Africa’s startup ecosystem remains an issue that doesn’t seem to be going away, a new report suggests, highlighting the continued struggles of women-led businesses in finding their feet in the face of gender bias. Originally posted on...

[Disrupt Africa] New report lays bare lack of gender diversity in African tech startup ecosystem

Disrupt Africa has released the first ever publication focused on gender equality in the African tech startup landscape, in partnership with Africa-focused pre-seed investment programmes Madica, with the results demonstrating the lack of gender diversity both within startup teams and funding rounds on the continent. By Tom Jackson Originally posted...

[Inc. Magazine] Founders Must Prioritise Mental Health

Why well-being should matter to investors who want to nurture businesses in Africa. By Charissa Cassels, Journalist at Inc.Africa Interview originally posted on Inc.Africa 72% of founders experience adverse effects on their mental health during the entrepreneurial journey. The April 2023 report from Startup Snapshot entitled “The Untold Toll: The Impact of...

[TechCrunch] Capital crunch shines light on the importance of founders’ mental health

Mental wellness goes hand-in-hand with innovation and success. For investors then, this needs to be a focus of investment, as risk exposure is also in the wellness of the founder. By Tage Kene-Okafor @ulonnaya Originally posted on TechCrunch To explore the issue, TechCrunch had a chat with Ameya Upadhyay and Lisa Mikkelsen of Flourish...

[Banking Dive] Debt repayment fintech Clerkie raises $33M in Series A

“Our goal is to support struggling American families by giving them better tools to responsibly fulfill their debt obligations and ease their debt burden,” said founder Guy Assad. Clerkie, a fintech providing debt repayment and optimization technology for lenders, announced a $33 million Series A round led by Left Lane...

[IMF Connect] MaxAB CEO Featured on IMF Spring Meetings Panel Regarding Middle East Entrepreneurship

The Middle East and North Africa (MENA) is one of the most youthful regions in the world. It has an opportunity to embrace the digitalization drive to address its long-term economic challenges of stubbornly high unemployment, low productivity, inequality, and a wide gender gap. At this year’s IMF Spring Meetings held last...